City (NASDAQ:CHCO) Director Purchases 129 Shares

City Holding Company (NASDAQ:CHCO) Director Diane Strong-Treister purchased 129 shares of City stock in a transaction on Monday, March 9th. The stock was bought at an average price of $115.88 per share, for a total transaction of $14,948.52. Following the completion of the acquisition, the director owned 3,871 shares in the company, valued at $448,571.48. The trade was a 3.45% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

City Price Performance

Shares of City stock traded down $0.83 during trading on Monday, reaching $117.16. 148,655 shares of the stock traded hands, compared to its average volume of 88,592. City Holding Company has a 52-week low of $102.22 and a 52-week high of $133.59. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.83 and a quick ratio of 0.83. The business has a fifty day simple moving average of $123.13 and a two-hundred day simple moving average of $123.23. The company has a market capitalization of $1.68 billion, a price-to-earnings ratio of 13.11 and a beta of 0.51.

City (NASDAQ:CHCO) last announced its quarterly earnings results on Wednesday, January 21st. The bank reported $2.18 EPS for the quarter, missing analysts’ consensus estimates of $2.29 by ($0.11). City had a net margin of 32.56% and a return on equity of 16.61%. The firm had revenue of $60.83 million for the quarter, compared to the consensus estimate of $81.38 million. Sell-side analysts expect that City Holding Company will post 7.58 EPS for the current year.

Institutional Trading of City

A number of large investors have recently made changes to their positions in CHCO. Virtu Financial LLC purchased a new position in City in the 4th quarter worth about $1,353,000. Mercer Global Advisors Inc. ADV purchased a new position in City during the 4th quarter worth $202,000. XTX Topco Ltd bought a new position in shares of City during the 4th quarter worth $712,000. Zacks Investment Management raised its holdings in shares of City by 3.6% in the fourth quarter. Zacks Investment Management now owns 24,584 shares of the bank’s stock valued at $2,930,000 after acquiring an additional 844 shares in the last quarter. Finally, Numerai GP LLC bought a new position in City during the 4th quarter worth about $754,000. 72.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Piper Sandler lifted their price target on City from $125.00 to $130.00 and gave the stock a “neutral” rating in a research report on Friday, January 23rd. Wall Street Zen lowered shares of City from a “hold” rating to a “sell” rating in a research note on Sunday, November 16th. Finally, Weiss Ratings reissued a “buy (b+)” rating on shares of City in a research note on Tuesday, December 23rd. One analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $134.50.

City Company Profile

City Holding Company (NASDAQ:CHCO) is a bank holding company headquartered in Morgantown, West Virginia. Through its wholly owned subsidiary, City National Bank, the company offers a full range of banking and financial services to individuals, businesses and nonprofit organizations. Its operations emphasize community-oriented banking, combining local decision-making with access to digital banking platforms.

The company’s product portfolio includes deposit accounts such as checking, savings and money market accounts, as well as consumer and commercial lending solutions ranging from personal loans and mortgages to commercial real estate and equipment financing.